GOLD v/s USD.: changing co-relation

[sdalal]

Gold- head and shoulder.

GOLD DAILY As seen in Chart gold hase created S-H-S.

Now it is on support line.

If crosses below this support line ,we can see new lows in coming days.

I see coming week very choppy.

 

[sdalal]

Silver- last support 16.79

SILVER DAILY As seen in chart last support exist at 16.79. Break below this can put more pressure on it. Oscillators are als indicating it will test 16.8.

 

[ashokshola]

Re: Gold- head and shoulder.

your information is useful to know the gold market. Pl. continue and update in regular period.

 

[sdalal]

Re: Gold- head and shoulder.

New channel created in gold.

 

[sdalal]

Gold: New upmove waiting

GOLD WEEKLY CHART Below shown is weekly chart for gold.This WEEK close came is 1157.60.The Price moving in channel and always taking a support from the channel line which started from jan 2009. With MACD is just to be positive, and RSI showing positive divergence, i see Upmove in coming weeks in GOLD. Last haurdle is 1165.

 

[sdalal]

Re: Gold: New upmove waiting

GOLD WEEKLY CHART Below shown is weekly chart for gold.This WEEK close came is 1157.60.The Price moving in channel and always taking a support from the channel line which started from jan 2009. With MACD is just to be positive, and RSI showing positive divergence, i see Upmove in coming weeks in GOLD. Last haurdle is 1165.

SO you seen, a a jump of 48 USD when it crosses 1165. Made ahigh of 1213 on friday 7th may 2010.


MAde ahigh of 1249, and coming back .

 

[sdalal]

It was hard fact that whenever USD goes Up ,gold goes down or vice versa. The pair was inversely proportional as seen in chart. BUT from feb 2010 it changed its mood and now both moving in same direction.